54 Ganyard Hill Ln, Thomasville, GA 31757
3 beds · 2 baths · 0 sqft sqft
Lots of room to grow and play! This well-kept brick home on 3.59 acres is the best example of untapped potential on the market, on a private lane off Crabapple Drive! Featuring large, open living spaces and numerous built-in bookshelves and storage cabinets, there is a whole world of possibilities for a buyer with just a little vision. Sliding doors in the living room open to the covered patio, allowing you to bring the outdoors indoors. Majestic trees create a gallery for satsumas, grapevines and beautiful expansive lawns. Property also includes a 24x24 concrete block wired garage, a 16 x16 wired workshop and a 6x8 utility building. There is also an older singlewide mobile home at the back of the property that, with a little sweat equity, could perhaps be rented for extra income in addition to another lot, currently occupied by a mobile home owned by a neighbor. This mobile home could potentially be charged lot rent or removed from the property and replaced with another, increasing the yield from this unique property. With ample room for a vegetable garden or a ballfield, generations to come will love and cherish this very special place.
Source: GAMLS #10371355
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10371355
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #10371355
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.